Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Inter & Co. Inc. (INTR) - Inter & Co. Inc. currently holds a Momentum Style Score of B, indicating a favorable momentum outlook [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Performance Metrics - INTR shares have increased by 5.1% over the past week, while the Zacks Financial - Miscellaneous Services industry remained flat [6] - Over the last month, INTR's price change is 5.6%, significantly outperforming the industry's 1.22% [6] - In the last three months, INTR shares rose by 36.59%, and over the past year, they increased by 24.22%, compared to the S&P 500's gains of 6.01% and 13.18%, respectively [7] Trading Volume - The average 20-day trading volume for INTR is 1,950,230 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - Over the past two months, two earnings estimates for INTR have been revised upwards, increasing the consensus estimate from $0.52 to $0.53 [10] - For the next fiscal year, two estimates have also moved higher, with no downward revisions during the same period [10] Conclusion - Considering the positive performance metrics and earnings outlook, INTR is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [12]
Inter & Co. Inc. (INTR) is a Great Momentum Stock: Should You Buy?